Cassava Sciences posts Q3 net loss of $10.8 million on $106.1 million cash reserves

Reuters11-12

Cassava Sciences posts Q3 net loss of $10.8 million on $106.1 million cash reserves

Cassava Sciences Inc. reported cash and cash equivalents of $106.1 million with no debt as of September 30, 2025, compared to $128.6 million at the end of 2024. Net loss for the third quarter of 2025 was $10.8 million, or $0.22 per share, down from a net loss of $27.9 million, or $0.58 per share, for the same period in 2024. Net cash used in operations during the first nine months of 2025 was $22.5 million. The company estimates cash at year-end 2025 in the range of $92 to $96 million. Business developments include preparations for a proof-of-concept study of Simufilam in TSC-related epilepsy expected to begin in the first half of 2026, a license agreement with Yale University, and appointments of Joseph Hulihan, MD, as Chief Medical Officer and Dawn C. Bir as Independent Director.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cassava Sciences Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9574021-en) on November 12, 2025, and is solely responsible for the information contained therein.

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